Market Highlights
Companies everywhere are striving to build a solid IoT platform and are putting in efforts to become highly active in this aspect, in a bid to inch closer to their business goals. With this platform, companies are trying to connect to the rest of the world. However, IIoT is a lot different from IoT. Although IIoT originates from IoT, the latter is mostly about facilitating human interaction with an object.
Market Research Future (MRFR) predicts that the global industrial internet of things (IoT) platform market is set to reach the value of USD 650 million by the end of 2022. The market will register a CAGR of 23% during the forecast period (2016-2022).
IIoT induces connection between devices, sensors, in addition to enhancing the manufacturing execution systems. It helps apply intelligence as well as analytics to learn and elevate the performance of the present devices. Its main objective is to monitor, sophisticated controls, build parameters, and also look for solutions that can bring down the downtime and augment the overall productivity of the asset. These qualities of IIoT is bound to create high demand among organizations all over the world, who are increasingly learning about its benefits and how they can be used in their favor.
Digital manufacturing technologies have become a boon for all the manufacturers, with IIoT playing an important role in the deployment of digital manufacturing. The industrial internet of things market can achieve greater heights in the near future, thanks to the increasing collaboration between industry stakeholders coupled with the soaring demand for the connected supply chain. Surge in the number of government-sponsored initiatives, as well as creative efforts being put in by renowned vendors can also boost the demand for the IIoT platform market in the next couple of years.
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Regional Insight
North America, Asia Pacific (APAC), the Middle East & Africa (MEA) and Europe, are considered to be the primary regions in which the global industrial IoT platform market is expected to grow during the review period.
APAC currently holds the maximum potential to achieve the leading position in the global industrial IoT platform market. Expanding population along with the rising use of electronic devices has led to the strong market demand in the region. China holds one of the largest manufacturing hubs in the world coupled with a vibrant consumer electronic industry, which is working in favor of the market. Thriving automotive sector in Japan, as well as South Korea, also induces market growth. Government strategies like Smart Cities Mission in India, Make in India, Made in China 2025 and the Industrial Value Chain Initiative (IVI)’ in Japan, combined with favorable FDI policies, have also resulted in the high demand for digital technologies across various industries in the region.
North America can seize the second biggest share in the market for industrial IoT platform, thanks to the considerable investments being made in technology startups. The region houses a large pool of renowned players and is known for being a hub for technological innovations and early adoption of IIoT. Canada is one of the most lucrative markets for IIoT in the region, as a result of the vigorous government investments that help stimulate the demand for IIoT solutions.
Top Companies
Top companies that are changing the face of the Industrial IoT Platform market include Hitachi Insight Group (U.S.), PTC (U.S.), Microsoft Inc. (U.S.), Siemens AG (Germany), SAP SE (Germany), NEC Corporation (Japan), Huawei Technologies Co. Ltd. (China), International Business Machines Corporation (U.S.), General Electric Corporation (U.S.), Fujitsu (Japan), to mention a few.
Segmentation:
The IIoT platform market is segmented based on component, application and vertical.
By component, the market is segmented on the basis of hardware and software. The hardware segment is sub-segmented into sensors, cameras, processing units and others. Industrial sensors impart high degree of accuracy, reliability, range, and sensitivity, while providing better control and automation of industrial processing units.
By application, the market is segmented into asset management, remote monitoring, network system management and others. Asset management solutions help reduce inventory and stock management cost and also effectively utilize existing equipment through tracking and monitoring both in real time and non-real time. This helps organizations achieve their objectives. Hence, these factors are driving the growth of the asset management system market.
By verticals, the market is segmented into manufacturing, power and utilities, aviation, oil and gas and others. The growing need for agile production, operational efficiency, and control along with demand-driven supply chain and connected logistics have augmented the growth of IIoT platform market in manufacturing.
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Industrial IoT Platform Market, By Component (Hardware, Software), By Application (Asset Management, Remote Monitoring, Network System Management), By Verticals (Manufacturing, Power and Utilities, Aviation, Oil and Gas) - Forecast 2016-2022
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Market HighlightsMarket Research Future (MRFR) predicts that the global industrial internet of things (IoT) platform market is set to reach the value of USD 650 million by the end of 2022.
The market will register a CAGR of 23% during the forecast period (2016-2022).Market Drivers and Key Restraints Companies everywhere are striving to build a solid IoT platform and are putting in efforts to become highly active in this aspect, in a bid to inch closer to their business goals.
It helps apply intelligence as well as analytics to learn and elevate the performance of the present devices.
Its main objective is to monitor, sophisticated controls, build parameters, and also look for solutions that can bring down the downtime and augment the overall productivity of the asset.
The industrial internet of things market can achieve greater heights in the near future, thanks to the increasing collaboration between industry stakeholders coupled with the soaring demand for the connected supply chain.
Asset management solutions help reduce inventory and stock management cost and also effectively utilize existing equipment through tracking and monitoring both in real time and non-real time.
Market HighlightsThe global market for Industrial IoT Platform will most probably hold a value of USD 650 million during the forecast period (2016-2022), Market Research Future (MRFR) mentions in its new report.
MRFR also says that the market can potentially achieve a whopping growth rate of 23% in the given timeframe.Market Drivers and Key RestraintsCompanies everywhere are striving to build a solid IoT platform and are putting in efforts to become highly active in this aspect, in a bid to inch closer to their business goals.
It helps apply intelligence as well as analytics to learn and elevate the performance of the present devices.
Its main objective is to monitor, sophisticated controls, build parameters, and also look for solutions that can bring down the downtime and augment the overall productivity of the asset.
These qualities of IIoT is bound to create high demand among organizations all over the world, who are increasingly learning about its benefits and how they can be used in their favor.Digital manufacturing technologies have become a boon for all the manufacturers, with IIoT playing an important role in the deployment of digital manufacturing.
The industrial internet of things market can achieve greater heights in the near future, thanks to the increasing collaboration between industry stakeholders coupled with the soaring demand for the connected supply chain.
Market Research Future Published a Half-Cooked Research Report on Global Fire Protection Coatings Market – Global Forecast to 2023Global Fire Protection Coatings Market is expected to exhibit a strong CAGR over the forecast period from 2017 to 2023, according to the latest research report from Market Research Future (MRFR).
The report presents a detailed analysis of the Global Fire Protection Coatings Market by providing readers with a comprehensive overview of the market's historical trajectory.
The historical impact of these drivers and restraints is analyzed in context of the current impact of these factors and projections are made for the likely impact of these drivers and restraints over the forecast period.
The study also makes a detailed analysis of the major players operating in the Global Fire Protection Coatings Market.Fire protection coatings play an important role in protecting objects from the spreading of fire across surfaces.
The increasing development of application-specific Fire Protection Coatings is also likely to be a major driver for the Global Fire Protection Coatings Market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4657Competitive Analysis:Leading Players in the Global Fire Protection Coatings Market include Kansai Paint Co. Ltd., BASE Coatings, The Valspar Corporation, Axalta Coating Systems LLC, Nippon Paint Holdings Co., RPM International Inc., The Sherwin-Williams Company, AkzoNobel NV, and PPG Industries.In November 2019, researchers at Stanford University developed a new Fire-Resistant Gel that can be sprayed onto crops and wild plants to reduce the outbreak of forest fires.
The gel contains the same active ingredient as is dropped onto wildfires to break them up, and is resistant to water and wind, allowing it to remain in place through the wildfire season and protect valuable crops and forests.Segmentation:The Global Fire Protection Coatings Market is segmented based on Type, Application, and Region.By Type, the Global Fire Protection Coatings Market is segmented into active and passive fire protection coatings.
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It is expected to witness high demand in the years to come.
Also, its rising application over sectors such as automotive, healthcare, among others, is anticipated to open growth opportunities for the market players during the assessment period.Technological advancements are poised to have an important role to play in the growth of the automated material handling market over the evaluation period.
On the other hand, the price of the installation of these machines is too high, which can act a challenge to the market players of the global automated material handling market.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/1029Segmentation:Based on the operation, the global automated material handling market has been divided into assembly, storage & transportation, packaging & distribution, waste management, and others.Based on the software and services, the segmental analysis of the automated material handling market is bifurcated into Software (WMS- Warehouse management system and TMS- Transportation management system), and Services- (training, maintenance & repairs, and software up-gradation.The global automated material handling market, on the basis of the application, has been segmented into healthcare, automotive, chemicals, foods & beverages, aviation, semiconductors and electronics, e -commerce, and others.Based on the automated equipment, the automated material handling market has been segmented into automated guided vehicles, automated storage and retrieval system, automatic cranes, robotics systems conveyors, and others.Regional AnalysisThe geographical analysis of the global market has been conducted in four major regions, specifically the North America, Asia Pacific, Europe, and the rest of the world (including Latin America and the Middle East and Africa).
The Asia Pacific is leading the global market on account of rapid industrialization and urban migration.
In addition, factors such as low labor costs and supportive regulations have attracted capital by global leaders for setting up production units in the region.
Market Synopsis The global data quality tool market is evaluated thoroughly, and the evaluation has established that the data quality tool market is anticipated to hold a substantial value of USD 1539 million, expanding at a CAGR of 16% during the assessment period.
It is to be noted here that the increasing speed of data accumulation is another factor leading to market expansion during the assessment period from 2017 to 2023.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/3873 Market Segmentation The global data quality tool market can be distinguished on the grounds of data type, component, vertical, deployment, organization size, and geography.
On the grounds of component, the global data quality tool market can be segmented into services and solutions.
On the grounds of geography, the global data quality tool market can be segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).Regional Analysis The global market is projected to grow generously during the assessment period.
Also, the adoption of developed technologies like the Internet of Things, strict data regulation, and the establishment of robust vendors is likely to augment the market presence.
Biometrics Market 2021-2027New Study Reports " Biometrics Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.Report OverviewThis published report for the Biometrics Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level.
In addition to this, the report also studies the opportunities that are available in the report at the global level.
The increase and decrease in the product/service budget also play an important role in predicting the future growth of the Biometrics Market.
This report also analyzes the impact of Coronavirus COVID-19 on the Biometric System industry.On the basis of regional analysis the market is segmented into North America, Europe, Asia-Pacific and Rest of the World.
The implementation of software by both small and medium enterprises is increasing rapidly, especially one into logistics, travelling and immigration.
It offers numerous benefits to healthcare organization that includes elimination of identity fraud, reduces patient risk, enhance patient privacy and overcome issues related with cultural naming convention.Market Research Analysis:The Biometrics Market in North America region is growing due to high adoption of biometrics solutions by enterprise and need to improve information governance in organizations.
